The €68m (£48m) contract is a joint venture of Strabag Real Estate and ECE Projektmanagement.
IQ Intelligent Quarters is located in the HafenCity district, directly on the banks of the Magdeburger Hafen. The project includes construction of two storeys of underground parking for 400 cars as well as the 70m-high Watermark office tower, the seven-storey Freeport apartment building and the six-storey Shipyard office building.
A characteristic feature in the design by architect Störmer Murphy und Partner is the use of white ceramic facades for the three buildings.
BAM Deutschland is due to complete the complex by the end of 2017.